An Adhocracy Describes the Kind of Structure Found in

question 39

Multiple Choice

An adhocracy describes the kind of structure found in

• A)a modern retail chain of supermarkets.
• B)a research lab or new product development group - such as much of Google or Microsoft.
• C)a prestigious firm of Latin-speaking lawyers.
• D)a private hedge fund of financial traders with clear trading rules and limits.

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Definitions:

Status Quo Bias

The preference for maintaining current conditions or resisting change, even when better alternatives exist.

Anchoring Effect

A cognitive bias where an individual depends too heavily on an initial piece of information (the "anchor") when making decisions.

Endowment Effect

A psychological inclination to value possessions more highly solely due to personal ownership.

Endowment Effect

A mental occurrence in which individuals attribute increased worth to objects simply because they possess them.